Century Aluminum Co (CENX) Short Interest Update

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Century Aluminum Co (NASDAQ:CENX) saw a large growth in short interest in September. As of September 28th, there was short interest totalling 6,199,717 shares, a growth of 45.3% from the September 14th total of 4,265,748 shares. Currently, 12.6% of the company’s stock are short sold. Based on an average daily volume of 3,276,273 shares, the short-interest ratio is presently 1.9 days.

CENX stock opened at $10.16 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 28.22 and a beta of 0.72. Century Aluminum has a 1 year low of $9.85 and a 1 year high of $24.77.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $470.00 million for the quarter, compared to analyst estimates of $458.03 million. Century Aluminum had a return on equity of 8.11% and a net margin of 4.22%. Century Aluminum’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS. Equities analysts forecast that Century Aluminum will post 0.91 EPS for the current fiscal year.

A number of equities research analysts have issued reports on CENX shares. Deutsche Bank lowered Century Aluminum from a “buy” rating to a “hold” rating and reduced their price target for the company from $20.00 to $15.00 in a research report on Tuesday, October 2nd. Berenberg Bank started coverage on Century Aluminum in a research report on Friday, September 21st. They issued a “sell” rating and a $10.00 price target on the stock. BidaskClub lowered Century Aluminum from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 9th. B. Riley started coverage on Century Aluminum in a research report on Thursday, June 21st. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Zacks Investment Research raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.14.

Hedge funds have recently bought and sold shares of the business. United Services Automobile Association acquired a new stake in shares of Century Aluminum during the 2nd quarter worth about $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Century Aluminum during the 2nd quarter worth about $166,000. Engineers Gate Manager LP acquired a new stake in shares of Century Aluminum during the 2nd quarter worth about $197,000. CIBC World Markets Inc. acquired a new stake in shares of Century Aluminum during the 1st quarter worth about $200,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Century Aluminum by 497.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,550 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 10,450 shares in the last quarter. 56.00% of the stock is currently owned by institutional investors.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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